KDCCVM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KDCCVM
Largest movements
- Receivables within one year +€221,861
up €221,861 (+128%), from €173,514 to €395,375
of which Trade receivables: +€221,850
- Cash -€126,884
down €126,884 (-40.9%), from €310,043 to €183,160
mainly Receivables within one year (-€221,861) and Contributions, distributions and other (-€150,000)
- Intangible fixed assets +€8,546
new in 2025: €8,546
- Profit (loss) carried forward -€139,642
down €139,642 (-44.4%), from €314,566 to €174,924
- Other debts +€114,086
up €114,086 (+133%), from €86,098 to €200,184
- Trade debts +€96,305
up €96,305 (+1,029%), from €9,355 to €105,660
- Tax, wage and social debts +€33,451
up €33,451 (+61.0%), from €54,848 to €88,298
of which Taxes: +€34,615
- Gross operating margin -€31,946
down €31,946 (-11.2%), from €284,336 to €252,390
- Staff costs +€5,577
up €5,577 (+2.4%), from €230,127 to €235,704
- Depreciation -€4,317
down €4,317 (-70.1%), from €6,156 to €1,839
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,393 | €589,594 | +€103,201 | +21.2% |
| Fixed assets | 21/28 | €2,097 | €9,258 | +€7,161 | +342% |
| Intangible fixed assets | 21 | - | €8,546 | +€8,546 | |
| Tangible fixed assets | 22/27 | €2,097 | €711 | -€1,385 | -66.1% |
| Plant, machinery and equipment | 23 | €2,097 | €711 | -€1,385 | -66.1% |
| Current assets | 29/58 | €484,296 | €580,336 | +€96,040 | +19.8% |
| Amounts receivable within one year | 40/41 | €173,514 | €395,375 | +€221,861 | +128% |
| Trade receivables | 40 | €173,514 | €395,364 | +€221,850 | +128% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €310,043 | €183,160 | -€126,884 | -40.9% |
| Deferred charges and accrued income | 490/1 | €739 | €1,801 | +€1,062 | +144% |
| Total equity and liabilities | 10/49 | €486,393 | €589,594 | +€103,201 | +21.2% |
| Equity | 10/15 | €335,026 | €195,384 | -€139,642 | -41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,566 | €174,924 | -€139,642 | -44.4% |
| Amounts payable | 17/49 | €151,367 | €394,209 | +€242,843 | +160% |
| Amounts payable within one year | 42/48 | €150,301 | €394,142 | +€243,841 | +162% |
| Trade debts | 44 | €9,355 | €105,660 | +€96,305 | +1,029% |
| Suppliers | 440/4 | €9,355 | €105,660 | +€96,305 | +1,029% |
| Taxes, remuneration and social security | 45 | €54,848 | €88,298 | +€33,451 | +61.0% |
| Taxes | 450/3 | €25,944 | €60,558 | +€34,615 | +133% |
| Remuneration and social security | 454/9 | €28,904 | €27,740 | -€1,164 | -4.0% |
| Other amounts payable | 47/48 | €86,098 | €200,184 | +€114,086 | +133% |
| Accrued charges and deferred income | 492/3 | €1,066 | €67 | -€999 | -93.7% |
| Remuneration, social security and pensions | 62 | €230,127 | €235,704 | +€5,577 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156 | €1,839 | -€4,317 | -70.1% |
| Other operating charges | 640/8 | €5,429 | €5,821 | +€392 | +7.2% |
| Gross operating margin | 9900 | €284,336 | €252,390 | -€31,946 | -11.2% |
| Operating profit (loss) | 9901 | €42,625 | €9,026 | -€33,599 | -78.8% |
| Financial income | 75/76B | €0 | €1,577 | +€1,577 | +15,765,600% |
| Recurring financial income | 75 | €0 | €1,577 | +€1,577 | +15,765,600% |
| Financial charges | 65/66B | €1,894 | €244 | -€1,650 | -87.1% |
| Recurring financial charges | 65 | €1,894 | €244 | -€1,650 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €40,730 | €10,358 | -€30,372 | -74.6% |
| Profit (loss) for the period | 9904 | €40,730 | €10,358 | -€30,372 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,730 | €10,358 | -€30,372 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.